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Portfolio (Quarterly) Guide ↗

INVESTMENT PARTNERS, LTD.

· CIK 0001050068
13F Portfolio $286M AUM 149 positions Filed Feb 10, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 3 New 37 Added 51 Reduced 8 Exited
Page 2 of 8  ·  149 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 USMV ISHARES TR 36,432.0 $3.4M 1.20% $94.16 +2.0%
22 XLU SELECT SECTOR SPDR TR 78,360.0 $3.3M 1.17% +39K +100.6% $42.69 +5.4%
23 IWN ISHARES TR 17,633.0 $3.2M 1.12% $181.21 +15.8%
24 IAGG ISHARES TR 60,270.0 $3.0M 1.05% +6K +11.1% $50.01 -0.0%
25 ORCL ORACLE CORP Technology 14,830.0 $2.9M 1.01% $194.91 -2.6%
26 IWO ISHARES TR 8,746.0 $2.8M 0.99% -95.0 -1.1% $323.01 +13.9%
27 SLV ISHARES SILVER TR Financial Services 42,900.0 $2.8M 0.97% $64.42 +7.8%
28 VO VANGUARD INDEX FDS 9,396.0 $2.7M 0.95% +72.0 +0.8% $290.21 -73.3%
29 BERKSHIRE HATHAWAY INC DEL 5,415.0 $2.7M 0.95% -200.0 -3.6% $502.69
30 GOOG ALPHABET INC Communication Services 7,976.0 $2.5M 0.88% -195.0 -2.4% $313.79 +22.2%
31 MUB ISHARES TR 22,524.0 $2.4M 0.84% -6K -21.6% $107.11 -1.0%
32 WMT WALMART INC Consumer Defensive 19,818.0 $2.2M 0.77% -157.0 -0.8% $111.41 +17.5%
33 QQQ INVESCO QQQ TR Financial Services 3,546.0 $2.2M 0.76% +796.0 +28.9% $614.39 +16.3%
34 SDY SPDR SERIES TRUST 15,509.0 $2.2M 0.76% $139.16 +6.9%
35 AEP AMERICAN ELEC PWR CO INC Utilities 18,385.0 $2.1M 0.74% -3K -13.4% $115.31 +12.4%
36 SPDW SPDR INDEX SHS FDS 47,329.0 $2.1M 0.74% -7K -13.0% $44.41 +13.4%
37 IBIT ISHARES BITCOIN TRUST ETF Financial Services 42,162.0 $2.1M 0.73% +250.0 +0.6% $49.65 -11.4%
38 GLD SPDR GOLD TR Financial Services 5,232.0 $2.1M 0.73% $396.31 +5.2%
39 GOOGL ALPHABET INC Communication Services 6,595.0 $2.1M 0.72% -440.0 -6.2% $313.02 +23.8%
40 CAT CATERPILLAR INC Industrials 3,428.0 $2.0M 0.69% -211.0 -5.8% $572.93 +51.1%
Page 2 of 8  ·  149 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 34.9%
Financial Services 22.2%
Healthcare 11.0%
Industrials 7.1%
Consumer Defensive 7.1%
Consumer Cyclical 5.9%
Communication Services 5.6%
Energy 3.3%
Utilities 2.7%
Real Estate 0.2%